<![CDATA[During the Initial Public Offering (IPO) process on the capital market, a company must submit a Prospectus to the Financial Services Authority (OJK), which is a document enabling potential investors to make well-informed decisions. The document is essential for adhering to the disclosure principle, which requires that all company information be disclosed to potential investors who wish to invest capital in the company. This study examines the potential for the misuse of personal information resulting from a lack of data review or censorship in the founding documents of a limited liability company, which is also detailed in the Prospectus hosted on the idx.com website, and outlines measures that can be implemented to prevent such data misuse. This paper argues for the censorship of the appearing party’s personal details, including address and National Idenitity Number, in order to prevent their misuse by other parties, as suggested by this research]]>
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